Sometimes people’s circumstances are a little more complex, and they need additional trusts to help address a particular issue.
Speak to your consultant if you feel it may be beneficial to add one of the following trusts to your Will:
Will Trusts
Will trusts protect your assets and loved ones by addressing potential vulnerability in your estate. If you have children from a previous relationship, property you wish to protect or a vulnerable beneficiary, adding a Will trust may be beneficial.
Life Interest Trusts
Providing for children from a previous relationship
Allows you to protect the capital of any property, cash assets and other investments for your ultimate beneficiaries, such as your children, whilst giving the income to your spouse or partner for life.
Discretionary Trusts
Protecting an inheritance for a vulnerable child
Allows you to leave assets for the benefit of a vulnerable beneficiary (e.g. someone with a learning disability) to be held by trustees who can then protect the beneficiary from being taken advantage of.
Residency Trusts
Ensuring your partner can stay in your property until their death
Allows someone such as your partner to continue living in your solely owned property, either for life or for a period of time, whilst ultimately keeping it safe for someone else such as your children.
Life Property Protection Trusts
Protecting your home from care home fees
Allows your spouse or a partner to continue living in, or have a beneficial use of your property (or a share of it) for life, whilst ultimately keeping it safe for someone else such as your children.
